Euro zone retail sales slowed as expected in July, data showed on Wednesday, adding to worries about euro zone economic growth, which ground to a halt in the second quarter.
The European Union’s Statistics Office, Eurostat, said that the volume of retail sales in the 18 countries sharing the euro fell 0.4 percent month-on-month in July and rose 0.8 percent year-on-year. Economists polled by Reuters had forecast a 0.4 percent monthly fall and a 0.9 percent annual rise.
Eurostat also lowered its estimate for retail sales growth in June to 0.3 percent month-on-month from the 0.4 percent reported previously and to 1.9 percent year-on-year from 2.4 percent previously.
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